Be Compliant! Free Resource: ACA Penalties Chart

Sovos
July 26, 2016

This blog was last updated on June 27, 2021

Have all your forms been filed? Have you send in your transmittal? If you haven’t, you need to file as soon as you can because penalties will only increase the longer you delay. This year, the IRS is looking for a timely furnishing and filing by organizations as part of a good faith effort to report this year. And remember, these ACA penalties are steep, have been increased twice already in the last year and can quickly add up. This ACA Penalties Chart is designed to assist you in understanding the key deadlines and timing of potential penalties going forward. ACA reporting compliance can be complicated to track and understand—so Sovos is stepping up to keep you informed as your trusted partner in business-to-government compliance.

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Sovos

Sovos is a global provider of tax, compliance and trust solutions and services that enable businesses to navigate an increasingly regulated world with true confidence. Purpose-built for always-on compliance capabilities, our scalable IT-driven solutions meet the demands of an evolving and complex global regulatory landscape. Sovos’ cloud-based software platform provides an unparalleled level of integration with business applications and government compliance processes. More than 100,000 customers in 100+ countries – including half the Fortune 500 – trust Sovos for their compliance needs. Sovos annually processes more than three billion transactions across 19,000 global tax jurisdictions. Bolstered by a robust partner program more than 400 strong, Sovos brings to bear an unrivaled global network for companies across industries and geographies. Founded in 1979, Sovos has operations across the Americas and Europe, and is owned by Hg and TA Associates.
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